Quantum Source Labs closed $50M Series A round

Quantum Source Labs raised $50 million in a Series A funding round. The round was led by Eclipse and included participation from Standard Investments, Level VC, Canon Equity, Pitango First, Grove Ventures, 10D, and Dell Technologies Capital.

Quantum Source is developing photonic quantum computers. The company's approach utilizes single atoms trapped on a proprietary photonic chip, aiming to enable deterministic photon generation and entanglement for scalable and fault-tolerant quantum computing. The new capital will be used to enhance engineering capabilities and accelerate the commercialization of its quantum solutions.